This is the first offer and I think the market IS EXPECTING AHR to reject it. As an illiquid closely held unknown stock I think it did very well yesterday. We also got an indication of how the SPP closing this afternoon would be treated and I suggest it will have a high acceptance considering you can sell the shares on market and buy them back with a say realised 70% profit.
Due to the Takeover, Resource Upgrade and the pending Scoping Study AHR the market is starting to acknowledge and shortly AHR will reach a realistic share price which shareholders will be happy to trade.
Please note the TAKEOVER OFFER was UNSOLISITED.
ALSO per the letter there had been Joint Venture discussions. (Worth a reread)
But at the end of the Day/Week/Month the Directors have a Takeover & Joint Venture offer are continuing negotiations hopefully with more than one Sutter.
Time will tell
AHR Price at posting:
26.0¢ Sentiment: Hold Disclosure: Held
